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Deficit or Depression?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The government needs to spend a lot of money, so that the collapsing private economy does not end up as Great Depression II. When recovery comes, we can get the budget closer to balance.

Recession Trend Tracker: What's Hot, What's Not

Jill Keto | Posted 05.25.2011 | Style
Jill Keto


Should The World's Reserve Currency Yield Zero Percent

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.

Inflation is No Cure for a Recession

Michael Pento | Posted 05.25.2011 | Politics
Michael Pento

The recession I have been predicting since 2006 has arrived, but a depression can still be avoided if we cease these silly government interventions and stop trying to inflate the credit crisis away.

Who Could Have Predicted Revolution in Iceland?

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

All that asset and currency inflation derived not from a miracle, but from the same old historical pyramid scheme of banking fraud.

Inflation Prospects

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...

Four Words Obama Will Never Say

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Americans must hope that the Obama administration is honest with the people and makes some difficult choices early in his tenure to deal with our growing annual deficits and long term debt.

The New Hooverites

Kevin Phillips | Posted 05.25.2011 | Business
Kevin Phillips

The policies that Paulson and Bernanke did implement at such staggering cost have only begun to do their full long-term damage, which will probably come in a round of even more serious inflation.

Inflation Can't be Avoided

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

There can be little doubt that American consumers' balance sheets are under duress. Their $14 trillion in debt has now reached 100% of annual G.D.P., record territory and far above its multi-decade average.

The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

Waiting for the Deluge

Sasha Abramsky | Posted 05.25.2011 | Business
Sasha Abramsky

In some ways, it's not only the economy that's now facing organ failure; it's also the GOP itself. Over the next few days we'll be seeing something approaching a civil war developing in the party.

The Fed's Furtive Ease

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The recent moves by the Fed and the Administration will ensure that the most salient problem facing our country's future will be inflation.

Take A Deep Breath And Count To Three

Aaron Harber | Posted 05.25.2011 | Business
Aaron Harber

Congress and the current Administration have allowed the nation's finances to deteriorate to a dangerous level.

Sweetening the Trillion Dollar Bailout

Sasha Abramsky | Posted 05.25.2011 | Politics
Sasha Abramsky

It's been said so many times this week, it hardly needs restating, but I'll restate it anyway: the financial collapse we're in the middle of, and the ...

South African Execs Looking For An Obama Victory

Georgianne Nienaber | Posted 05.25.2011 | Home
Georgianne Nienaber

Our economy is tied to the U.S. economy and the U.S. Republican policies have failed. Most South African analysts believe a black U.S. president will more easily de-polarize the world and undo the divide between the East and West.

Sam Stein

McCain On 'Black Monday': Fundamentals Of Our Economy Are Still Strong | Sam Stein | Posted 05.25.2011 | Politics

John McCain may want to refine his economic message a bit more during this potentially disastrous week for the financial sector. On the campaign trai...

Better Than Hoover

David Goldstein | Posted 05.25.2011 | Politics
David Goldstein

The Dow Jones Industrial Average closed down 504.48 points today, at 10917.51. That's only 329.92 points higher than where it stood on January 20, 20...

More Sarah Palin Comparisons: "Steve Forbes In A Skirt"

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Heavy on the inside jokes and edgy interpretations of finance-related news, must-read trader blog Dealbreaker quotes an "insider" on their opinion of ...

99 Cents Only Retail Chains May Up Prices

LA Times | Posted 05.25.2011 | Business

Ninety-nine cents just doesn't go as far as it used to, and that's a problem for the 99 Cents Only Stores chain. Faced with fast-rising inflation and...

Democrats Hope for Future; Republicans Trickle On It

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

The most fundamental difference in how Democrats and Republicans view middle class Americans revealed itself inadvertently in speeches during the second night of the convention in Denver.

Obama-Biden Trumps McCain-Rove

Erik Ose | Posted 05.25.2011 | Politics
Erik Ose

Biden's acceptance speech proved what the citizens of Delaware have known for a long time: Biden is a regular Joe with all-American family values who also happens to be a Senator.

This Election is Green; Not Black and White

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

Republicans Bush and Cheney put us here, with McCain agreeing all the way. Electing McSame would result in four more years of greenbacks draining out of our wallets.

Inflation Watch: Even Dirt Is No Longer Dirt-Cheap

Washington Post | Joel Achenbach | Posted 05.25.2011 | Business

Even dirt isn't dirt-cheap anymore. At your local garden center, the cheapest dirt, which often goes by the name of "premium topsoil," may cost $4.99...

Do You Still Believe it Wasn't Speculation?

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Oil is a financial asset now. It attracts hundreds of billions of dollars of institutional investment. And like all financial assets throughout time, it is given to fashion and fad.

The Monomania of Economists

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

The anti-inflationary policy makers are preaching a simple ideology. To be more kind, they want to make the mistake of being too tight, not too loose.